Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminum Commodity Report of 02 December 2021 By Geojit Financial
BULLION
GOLD
Current feebleness of prices possibly to stretch lower in the upcoming session. Even in this bearish note, refurbish trades which sustain above 47730 may push prices higher.
SILVER
Weakness may continue in the upcoming session if prices stay below 61900 region. But recovery trades above the same may boost prices higher.
ENERGY
CRUDEOIL
Early gained can be seen in the session to come but need to challenge above the upside hurdle of 5160 to trigger major recovery move. Else hold the same for a further downside corrective move.
NATURAL GAS
Present buying sentiments less likely to strengthen unless prices claimed above 331 region. But break above the same may induce fresh recovery move.
BASE METALS
COPPER
Present recovery move may withstand only by tangible trades above 726.50 region. Which if remain undisturbed could expect prices to trade lower.
NICKEL
Intraday move is expected to be northbound if prices stay above 1532 region. However, a corrective fall below the same may cajole fresh selling in the session to come.
ZINC
Ensuing buying sentiments possibly to prolong in the upcoming session if prices stay above 268 region. Even in this positive picture, a corrective fall below the same may dent our buying sentiments.
LEAD
Intraday price recovery may be seen only above the upside hindrance of 186.50 region. Else hold the same for a downside corrective fall.
ALUMINIUM
Like we said last day recovery trades above the upside hindrance of 213.80 could boost prices higher. If the above-mentioned region remain undisturbed could expect prices to trade lower.
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